CORPORATIONS

Related Subjects: Business, Commerce, Finance, Profit

1. I weigh my words when I say that in my judgment the limited liability corporation is the greatest single discovery of modern times, whether you judge it by its social, by its ethical, by its industrial . .. by its political effects.—NICHOLAS MURRAY BUTLER
   

2. They [corporations] cannot commit treason nor be outlawed nor excommunicated, for they have no souls.—SIR EDWARD COKE, Case of Sutton's Hospital
   

3. A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.—HOWARD SCOTT

4. The corporation today is slowly but surely ousting all other types of industrial organization for the transaction of business, particularly of an international scope, or any considerable scale.—I. M. WORMSER, Frankenstein, Inc.
   

5. The great corporation today must be viewed as a public trust.—I. M. WORMSER, Frankenstein, Inc.
   

6. A corporate system which awards one or two favored leaders in a corporation such yearly sums by way of bonus as a million or two million dollars, and leaves six million men unemployed though they are ready, able and willing to work, necessitates prompt reform. Such a condition of things cannot endure.—I. M. WORMSER, Frankenstein, Inc.

7. Corporations are not natural living persons, but artificial beings, corpora ficta. They are created by the nation or state, which endows them with distinct personality in the eye of the law, special privileges and comprehensive powers. Franken­stein's creature developed into a deadly menace to his creator.—I. M. WORMSER, Frankenstein, Inc.

8. Corporations, the creatures of the state, owe a deep duty to the state. A generous liberalism on their part is today the soundest type of conservatism.—I. M. WORMSER, Frankenstein, Inc.